Digital transformation provides a major opportunity to address some of the mining industry’s greatest challenges. The World Economic Forum projects that digital transformation initiatives will result in more than $320 billion of value before 2025.
And yet, most digital initiatives are failing.
The problem isn’t isolated to the heavy industries. Last year, a Gartner analyst reported that an estimated 85% of big data projects fail. And Cisco has recently revealed their estimate that 75% of all IoT projects currently underway are failing.
So how can a mining company “go digital” safely? I believe that quick digital wins are the answer. Here are some ready-to-use technologies able to deliver these quick wins and also address some of the major business challenges mining companies face.
Most of these technologies are relatively simple to implement and are also scalable, which means they can be applied in one area, validated, and then expanded to other areas and applications.